Mill City Stock Forecast - 8 Period Moving Average
| MCVT Stock | USD 2.84 0.14 5.19% |
The 8 Period Moving Average forecasted value of Mill City Ventures on the next trading day is expected to be 2.73 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.42. Mill Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mill City stock prices and determine the direction of Mill City Ventures's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mill City's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Mill City's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mill City's systematic risk associated with finding meaningful patterns of Mill City fundamentals over time.
Check out Historical Fundamental Analysis of Mill City to cross-verify your projections. Mill |
Most investors in Mill City cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Mill City's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Mill City's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Mill City is based on an artificially constructed time series of Mill City daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Mill City 8 Period Moving Average Price Forecast For the 14th of May 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Mill City Ventures on the next trading day is expected to be 2.73 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.42.Please note that although there have been many attempts to predict Mill Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Mill City's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mill City Stock Forecast Pattern
| Backtest Mill City | Mill City Price Prediction | Buy or Sell Advice |
Mill City Forecasted Value
In the context of forecasting Mill City's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Mill City's downside and upside margins for the forecasting period are 0.03 and 6.72, respectively. We have considered Mill City's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Mill City stock data series using in forecasting. Note that when a statistical model is used to represent Mill City stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 98.8726 |
| Bias | Arithmetic mean of the errors | -0.0191 |
| MAD | Mean absolute deviation | 0.0834 |
| MAPE | Mean absolute percentage error | 0.0314 |
| SAE | Sum of the absolute errors | 4.42 |
Predictive Modules for Mill City
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mill City Ventures. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mill City's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Mill City
For every potential investor in Mill, whether a beginner or expert, Mill City's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mill Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mill. Basic forecasting techniques help filter out the noise by identifying Mill City's price trends.Mill City Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mill City stock to make a market-neutral strategy. Peer analysis of Mill City could also be used in its relative valuation, which is a method of valuing Mill City by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mill City Ventures Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Mill City's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Mill City's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mill City Market Strength Events
Market strength indicators help investors to evaluate how Mill City stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mill City shares will generate the highest return on investment. By undertsting and applying Mill City stock market strength indicators, traders can identify Mill City Ventures entry and exit signals to maximize returns.
Mill City Risk Indicators
The analysis of Mill City's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Mill City's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mill stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.29 | |||
| Semi Deviation | 4.29 | |||
| Standard Deviation | 4.67 | |||
| Variance | 21.76 | |||
| Downside Variance | 33.44 | |||
| Semi Variance | 18.37 | |||
| Expected Short fall | (4.36) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Mill City to cross-verify your projections. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Mill Stock analysis
When running Mill City's price analysis, check to measure Mill City's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mill City is operating at the current time. Most of Mill City's value examination focuses on studying past and present price action to predict the probability of Mill City's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mill City's price. Additionally, you may evaluate how the addition of Mill City to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
Is Mill City's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mill City. If investors know Mill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mill City listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.89) | Earnings Share (0.18) | Revenue Per Share 0.528 | Quarterly Revenue Growth (0.05) | Return On Assets (0.01) |
The market value of Mill City Ventures is measured differently than its book value, which is the value of Mill that is recorded on the company's balance sheet. Investors also form their own opinion of Mill City's value that differs from its market value or its book value, called intrinsic value, which is Mill City's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mill City's market value can be influenced by many factors that don't directly affect Mill City's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mill City's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mill City is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mill City's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.